Is capitalism dead?

Over the last few weeks we have seen government around the world nationalising banks and other prominent businesses, bailing out whole sectors and generally becoming more and more involved in businesses and financial issues. There is a feeling that the capitalist movement is now under threat and many people believe that capitalism is now dead in some areas of the world. Is this true?

There's no doubt that the capitalist movement has been severely wounded over the last few months and would have collapsed had it not been for state funded ventures and state funded rescue packages. From the likes of Dubai, which was built on $80 billion worth of debt, to the UK banking arena, which has swallowed hundreds of billions of pounds taxpayer's money, there are prime examples of capitalism in disarray at each and every corner U-turn.

However, capitalism has been around for centuries and we remain a vital element of the worldwide economy and a multitude of local economies around the world. The animal which is capitalism may well be wounded but it will live to fight another day and it will be back. While this is more than a "setback" there are very few, if any, scenarios which could kill off capitalism forever.

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